One of Nigeria’s oldest banks, Union Bank, has attained certifications in MSECB management system in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018. MSECB is a leading international provider of audit and certification services for management systems based on a wide range of global standards. A recent statement from the bank disclosed that it received the…
The United States Agency for International Development, in collaboration with the Coca-Cola Foundation, has announced the launch of the Nigeria Plastic Solutions Activity. According to a statement, the initiative, funded equally by Coca-Cola and USAID with a combined investment of $4m, would address the critical challenge of plastic waste management in Nigeria through innovative recycling…
The United Bank for Africa Plc has upgraded its mobile banking application, with a transaction dispute feature and other solutions to ease banking for customers. A statement from the bank on Thursday disclosed that the transaction dispute menu feature on the mobile app would help their customers report any failed transactions from the mobile app’s…
The board of Airtel Africa has proposed a final dividend of $3.27 per share for the year ending March 2024. Trust News Africa gathered that the telecoms giant will be paying $13.39bn dividend for the period under review, according to its audited annual reports filed with the Nigerian Exchange Limited on Thursday. The firm had…
Access Bank and MasterCard have partnered to boost cross-border payments with a unified money movement solution, enabling businesses and consumers to send and receive international payments to and from over 150 countries. This was revealed to by Trust News Africa that the partners at the launch of the solution, which would run on the Access…
The International Monetary Fund (IMF), has recommended that Nigeria’s government mandate global crypto trading platforms to register or secure licenses before commencing operations in the country. This recommendation was outlined in the IMF’s most recent staff report, unveiled on Thursday, subsequent to the conclusion of its 2024 Article IV consultation with Nigeria The report suggested…
The Managing Director of United Bank for Africa, Oliver Alawuba, has said that sound governance, robust risk management, and financial strength spurred the banking group to triple-digit growth across key metrics in the first quarter of 2024. Alawuba said this in a statement issued by the bank on Tuesday following the release of its Q1…
Normalcy is gradually returning to the supply and distribution chain of Premium Motor Spirit (PMS) or petrol, following the scarcity of the product in the last three weeks.The Nigerian National Petroleum Company Limited (NNPCL) blamed the development on “logistics” issuesThe improved petrol supply across the country, The Nation gathered yesterday, was not unconnected with the…
Government’s desire to boost revenue generation in the aviation, maritime, oil and gas, logistics and allied value chain is birthing partnership with private sector players. The exclusive rights granted to an indigenous firm – NAEBI Dynamic Concepts Limited for the collection of helicopter landing levy at all aerodromes, helipads, oil rig platforms and other facilities…
